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Which among the following statements that describe the nature of the Soviet economy is wrong?

  • a)
    Socialism was the dominant ideology

  • b)
    State ownership/control existed over the factors of production

  • c)
    People enjoyed economic freedom

  • d)
    Every aspect of the economy was planned and controlled by the State

Correct answer is option 'C'. Can you explain this answer?
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Which among the following statements that describe the nature of the S...
Understanding the Nature of the Soviet Economy
In the context of the Soviet economy, statement 'C' is incorrect because it implies that individuals had economic freedom, which was not the case. Below are the key characteristics explaining this aspect.
Socialism as the Dominant Ideology
- The Soviet Union operated under a socialist ideology, where the state played a central role in economic activities.
State Ownership and Control
- The government owned and controlled all means of production, including land, factories, and resources, leaving no room for private ownership.
Lack of Economic Freedom
- Individuals had very limited economic freedom. The state dictated employment, production quotas, and distribution of goods, leaving little to no choice for citizens.
- Choices regarding careers and consumption were heavily regulated, limiting personal autonomy in economic matters.
Planned and Controlled Economy
- The economy was characterized by central planning, where the State established production targets and allocated resources.
- This system aimed for rapid industrialization and collectivization but often resulted in inefficiencies and shortages.
In summary, while socialism, state ownership, and central planning were defining features of the Soviet economy, the lack of economic freedom fundamentally distinguishes statement 'C' as incorrect. The Soviet system prioritized state control over individual liberties, leading to a significant restriction of personal economic choices.
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Which among the following statements that describe the nature of the S...
The economy of the Soviet Union was based on state ownership of the means of production, collective farming, and industrial manufacturing. An administrative-command system managed a distinctive form of central planning.
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In the wake of the varying forms which the idea of the end of history has taken, the intellectual history of disillusionment and resignation has been countered with a Leftist framework. But, with almost 10 million nonwhite people in the EU, the rising number of impoverished masses in Brazil, or in South Asia, as well as the problems of health and illiteracy, the Left has a formidable task before it; issues concerning economic deprivation, the brutalisation of workers, increasing spending on nuclear enhancement and the need for all ethnic minorities to explicitly feature in a pluralistic vision needs to be the foundation of any reinvention of the Left.The long drawn out economic and political tensions, for instance, in Latin America have moved the Hugo Chavez, Fidel Castro and Evo Morales trio towards an international agenda for social reconstruction within which socialism does not need to be replaced but must be put forward as a programme to salvage a world from inequality and the abuse of power, especially the hegemony of the White House. They have together constructed a progressive alliance, insisting on a collective leadership that endorses the rich diversity of radical and socialist traditions.In a drastically damaged world in which received political ideologies have been exhausted, anti-imperialist agenda and far-reaching remedies have been initiated in Bolivia, Cuba and Venezuela to check the erratic play of market forces. Chavez has been particularly hard hitting through his move of cutting off oil supplies to the US and his unquestionable allegiance with Castro. He has not hesitated to build trade relations with China and to back Irans nuclear ambitions. The dream of an anti-imperialist union has finally come true by the induction of Brazil, Bolivia, Argentina, Uruguay, Peru and Chile into the club headed by Castro and Chavez, and underpinned by the age-old vision for a strong Leftist opposition to the interventionist policies of the U.S. Inspired by great heroes like Simon Bolivar and Che Guevara, Chavez has been fighting for regional integration and a society that bases itself on the ideology of the new South American Left.Q. What do you feel is the political ideology of leaders like Hugo Chavez, Fidel Castro and Evo Morales?

In the wake of the varying forms which the idea of the end of history has taken, the intellectual history of disillusionment and resignation has been countered with a Leftist framework. But, with almost 10 million nonwhite people in the EU, the rising number of impoverished masses in Brazil, or in South Asia, as well as the problems of health and illiteracy, the Left has a formidable task before it; issues concerning economic deprivation, the brutalisation of workers, increasing spending on nuclear enhancement and the need for all ethnic minorities to explicitly feature in a pluralistic vision needs to be the foundation of any reinvention of the Left.The long drawn out economic and political tensions, for instance, in Latin America have moved the Hugo Chavez, Fidel Castro and Evo Morales trio towards an international agenda for social reconstruction within which socialism does not need to be replaced but must be put forward as a programme to salvage a world from inequality and the abuse of power, especially the hegemony of the White House. They have together constructed a progressive alliance, insisting on a collective leadership that endorses the rich diversity of radical and socialist traditions.In a drastically damaged world in which received political ideologies have been exhausted, anti-imperialist agenda and far-reaching remedies have been initiated in Bolivia, Cuba and Venezuela to check the erratic play of market forces. Chavez has been particularly hard hitting through his move of cutting off oil supplies to the US and his unquestionable allegiance with Castro. He has not hesitated to build trade relations with China and to back Irans nuclear ambitions. The dream of an anti-imperialist union has finally come true by the induction of Brazil, Bolivia, Argentina, Uruguay, Peru and Chile into the club headed by Castro and Chavez, and underpinned by the age-old vision for a strong Leftist opposition to the interventionist policies of the U.S. Inspired by great heroes like Simon Bolivar and Che Guevara, Chavez has been fighting for regional integration and a society that bases itself on the ideology of the new South American Left.Q. What do you feel is the political ideology of leaders like Hugo Chavez, Fidel Castro and Evo Morales?

Which among the following statements that describe the nature of the Soviet economy is wrong?a)Socialism was the dominant ideologyb)State ownership/control existed over the factors of productionc)People enjoyed economic freedomd)Every aspect of the economy was planned and controlled by the StateCorrect answer is option 'C'. Can you explain this answer?
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Which among the following statements that describe the nature of the Soviet economy is wrong?a)Socialism was the dominant ideologyb)State ownership/control existed over the factors of productionc)People enjoyed economic freedomd)Every aspect of the economy was planned and controlled by the StateCorrect answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which among the following statements that describe the nature of the Soviet economy is wrong?a)Socialism was the dominant ideologyb)State ownership/control existed over the factors of productionc)People enjoyed economic freedomd)Every aspect of the economy was planned and controlled by the StateCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which among the following statements that describe the nature of the Soviet economy is wrong?a)Socialism was the dominant ideologyb)State ownership/control existed over the factors of productionc)People enjoyed economic freedomd)Every aspect of the economy was planned and controlled by the StateCorrect answer is option 'C'. Can you explain this answer?.
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